Which of the following is a ‘barrier’ on foreign trade?

Tax on local trade

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Quality control

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Tax on import

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Sales tax

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Solution

The correct option is C
Tax on import

Tax on import

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Similar questions

A person purchases the following items from a mall for which the sales tax is mentioned against:

(a) Stationary materials for Rs 250 and sales tax of 4% there on;

(b) Electronic goods worth Rs 2,580 and sales tax of 10% there on;

(d) Medicines worth Rs 200 with sales tax of 6%.

Find the bill amount for each item

Q38. Which of the following is/are characteristics of a “Tax haven”

i) nill or nominal rates on certain taxes

ii) lack of Effective exchange of tax related information with foreign tax authorities

iii) No requirement for substantive local presence

choose the correct answer

If the sales tax is Rs 30 on a sale price of Rs 600, find the rate of sales tax.

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